I think passive income is most valuable when you can see it continuing well into the future.

That means looking beyond the dividend available today and thinking about what could support those payments over the next decade.

With that said, these four ASX passive income stocks would be high on my list.

Commonwealth Bank of Australia (ASX: CBA)

CBA would be my first choice among the major banks.

Its dividend is supported by one of Australia’s strongest banking franchises, with millions of customers using the company for home loans, deposits, business banking, credit cards, and other financial services.

I particularly like CBA’s technology and customer relationships. Its digital capabilities make it easier to keep customers within the bank and offer them additional products over time.

Australian banking will always be competitive, and I would watch CBA’s premium valuation closely.

But if I were choosing a bank to provide income for the next decade, its combination of earnings strength and fully franked dividends would put it near the top of my list.

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon gives income investors exposure to a completely different part of the economy.

The company operates rail freight services and owns rail infrastructure used to move commodities across Australia.

I like the infrastructure side of the business because these assets are difficult and expensive to replicate. Aurizon’s Network operation also earns revenue from customers using its rail infrastructure rather than relying entirely on the profitability of individual commodity producers.

There will still be fluctuations in freight volumes and commodity markets.

Even so, I think the essential nature of its transport infrastructure can support substantial cash generation and shareholder distributions over the long term.

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs REIT would add property income to the mix.

The real estate investment trust owns properties centred around everyday spending, including supermarkets, neighbourhood retail centres, and other assets that consumers regularly visit.

I think that focus makes sense for an income investment.

People may delay large discretionary purchases when household budgets become tight, but groceries and other everyday needs remain part of regular spending.

As rents increase and the portfolio develops over time, there is also potential for the underlying income generated by these properties to grow.

Interest rates and property valuations can create volatility, so I would keep an eye on debt levels and funding costs.

But for a decade-long income portfolio, I like the type of property exposure the HomeCo Daily Needs REIT provides.

Transurban Group (ASX: TCL)

Transurban would round out my four picks.

The company operates major toll roads in Australia and North America, including CityLink in Melbourne, Cross City Tunnel in Sydney, and AirportLinkM7 in Brisbane.

Traffic volumes can grow as populations increase and cities become busier, while contractual toll increases provide another way for revenue to rise over time.

That creates the potential for dividends to increase as the underlying cash flows expand.

Transurban carries substantial debt and requires plenty of capital, so it is not a risk-free income investment. But its roads are long-life assets that millions of motorists rely on.

Foolish takeaway

If I were building passive income for the next 10 years, I would want more than a collection of today’s highest-yielding shares.

CBA, Aurizon, HomeCo Daily Needs REIT, and Transurban give me income supported by banking, freight infrastructure, everyday retail property, and toll roads.

I think that gives the portfolio several sources of cash flow while still leaving room for those payments to grow over time.

The post My top ASX passive income stocks for the next 10 years appeared first on The Motley Fool Australia.

More reading

• Why I’d buy Santos and Woodside shares today
• Experts name CBA and these big-name ASX 200 shares as sells this week
• Experts name 3 top ASX shares to buy this week
• Buy, hold, sell: NextDC, South32, CBA shares
• Are ASX shares heading for a crash? Here’s how I’m preparing

Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia and Transurban Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) shares have already delivered stockholders some smashing gains in 2026.

And both S&P/ASX 200 Index (ASX: XJO) energy stocks are outperforming again today.

In morning trade on Monday, Santos shares are swapping hands for $8.68 apiece, up 1%. Woodside shares are trading for $33.14 each, up 0.9%.

For some context, the ASX 200 is just about flat at this same time.

Taking a step back, the ASX 200 is up a slender 0.2% so far in 2026. That compares to the 41.2% year-to-date gains for Santos stock and the 40.1% gains posted by Woodside.

Atop those capital gains, both ASX 200 energy stocks have paid (or shortly will pay) two dividends this calendar year, making them appealing passive income plays.

Santos shares currently trade on a 3.5% unfranked dividend yield, while Woodside shares trade on a fully-franked 4.9% dividend yield. That equates to a 7% yield grossed up.

What’s been sending the ASX 200 energy stocks flying?

The Aussie oil and gas giants have been clear beneficiaries of surging global oil prices in the wake of the Iran war.

Indeed, on 1 January, Brent crude oil was trading for a mere US$60.85 per barrel. The oil price then topped US$118 per barrel in April, before sinking back to US$72.01 per barrel in July.

But oil has been on the rise again since then, and Brent surged back to US$107.36 per barrel over the weekend as the Middle East conflict heated back up.

That means the vital Strait of Hormuz oil shipping route is unlikely to reopen for normal business anytime soon.

And with Iranian-backed Houthi forces increasing their attacks over the weekend and threatening to block another Red Sea shipping chokepoint, oil supplies could remain restricted for some time.

While that’s bad news for inflation and the economy, it could support further gains in Santos and Woodside shares, as well as boost their next round of dividends.

Why Santos and Woodside shares still look like a good buy

Despite their strong outperformance already this year, I think Santos and Woodside shares are well-placed to keep outperforming in the year ahead.

Just how well they perform will depend to a significant extent on global oil prices.

On that front, Commonwealth Bank of Australia (ASX: CBA) head of commodities Vivek Dhar said (quoted by the Australian Financial Review):

US tolerance to delay any peace deal with Iran … rising Chinese imports and lower supply outside the Middle East in 2026 indicate that Brent oil futures may stay above US$100 a barrel for longer than it did in late July.

RBC Capital Markets head of commodity strategy Helima Croft added, “Maritime traffic … is gravely imperilled by the Houthi advances, bringing into focus our high oil price forecast.”

Croft noted that the latest attacks had “reduced the efficacy of one of the key oil release valves for the six-month Iran war”.

Croft said that if the conflict between the Houthis and Saudi Arabia escalated, it could see the oil price hit US$118 per barrel in 2026 and potentially reach US$130 per barrel in 2027.

At those levels, both ASX 200 energy stocks would see their profit margins grow, likely supporting higher dividends and spurring further increases in the Santos and Woodside share price.

The post Why I’d buy Santos and Woodside shares today appeared first on The Motley Fool Australia.

More reading

• My top ASX passive income stocks for the next 10 years
• Experts name CBA and these big-name ASX 200 shares as sells this week
• If I buy $4,000 of Woodside shares, how much dividend income will I receive?
• 5 things to watch on the ASX 200 on Monday
• Buy, hold, sell: NextDC, South32, CBA shares

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Qantas Airways Ltd (ASX: QAN) shares have had a tough run on the market recently.

The shares are trading around $9.01 today, well below their 52-week high of $11.39.

I think that weakness has made the valuation more interesting, particularly for investors prepared to look beyond the next few months.

Here’s why I would invest $10,000 in Qantas shares today.

The underlying business still looks strong

Qantas remains in a powerful position in Australian aviation.

Its domestic network gives the group strong exposure to business and leisure travel, while Jetstar provides a lower-cost option for customers who are more sensitive to price.

I also like the contribution from Qantas Loyalty. Its Frequent Flyer program gives the company another way to earn from its customer base outside the airline itself, while also encouraging passengers to remain within the wider Qantas ecosystem.

Then there is the fleet renewal program and Project Sunrise, which should gradually modernise the airline and expand what Qantas can offer on long-haul routes.

None of those opportunities depends on the share price recovering quickly. They are reasons I think the business itself can keep improving over the coming years.

Near-term pressure would not put me off

One issue I would watch closely is the oil price. Fuel is a major expense for airlines, so a sustained rise in oil prices could put pressure on Qantas’ margins in the near term.

That could make earnings more volatile than investors would like and is one risk I would keep in mind at the current price.

I would not ignore that risk. At the same time, I still think Qantas is well placed to deliver solid earnings over the next few years. The company has significant scale, a strong domestic position, multiple brands, and several sources of revenue beyond simply selling airline seats.

For me, that gives the business more resilience than the share price currently seems to imply.

The valuation looks attractive

I think Qantas shares are looking attractive at current prices.

According to CommSec, consensus forecasts point to earnings per share of $1.04 in FY27, rising to $1.30 in FY28 and $1.50 in FY29.

At $9.01, Qantas is trading on a PE ratio of roughly 8.7 times forecast FY27 earnings.

If the FY29 estimate is achieved, that multiple falls to around six times earnings.

I think that looks cheap enough to compensate for some of the risks that come with owning an airline.

Investors may also receive a growing stream of dividends while waiting.

Consensus forecasts suggest dividends per share of 39.6 cents in FY27, 43.1 cents in FY28, and 49.6 cents in FY29.

At today’s share price, those estimates represent forward dividend yields of roughly 4.4%, 4.8%, and 5.5%, respectively.

Foolish takeaway

I would be comfortable investing $10,000 into Qantas shares at current levels.

The airline industry will always bring volatility, but Qantas has several strong businesses underneath the headline brand and a clear path to higher earnings if current expectations are met.

At around $9.01, I think the shares offer enough value to make that risk worthwhile.

The post Why I’d invest $10,000 into Qantas shares today appeared first on The Motley Fool Australia.

More reading

• Looking to bank the final Qantas dividend? You’d better hurry!
• How many Qantas shares do I need to buy for $5,000 of passive income in FY27?
• 33 ASX shares going ex-dividend next week
• Top 3 ASX 200 shares now below their 200-day moving average
• 3 ASX 200 shares tipped to return 27% to 87%

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.